Duplex with Detached
New
For Sale
$515,000
126 Ash St, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size1,977 SF
Lot Size0.07 Acres
Price / SF$260.50
Days on Market2
Property Features for 126 Ash St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking
4
Fireplace
1
Directions
Hawthorn Street to Ash.
Standard status
Active
APN
M:0045 L:0223,2890339
Size
1,977 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5784
Amenities
front porch
back deck
basement with laundry hook-ups
attic
Building Details
Year built
1863
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 31
Last Checked: Sep 1 at 5:06AM
MLS# 73570338
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,977-square-foot duplex, built in 1863, contains two clean, bright units with hardwood floors and forced-hot-air heat in both residences. The first-floor unit has an established long-term tenant, while the second-floor apartment is being refreshed with refinished hardwood floors and new paint before delivery vacant. Separate utilities serve the apartments, along with a house meter.
The property includes a detached one-car garage, off-street parking for three cars, a front porch, back deck, and an easy-to-maintain yard. A clean, dry basement provides laundry hookups, while the third-floor walk-up attic offers storage. Recent exterior work includes fresh paint, a roof approximately 10 years old, and a new roof over the front porch.
Located in New Bedford’s County Street Historic District, the property is positioned between the waterfront and Buttonwood Park, with St. Luke’s approximately 1/2 mile away. The site is zoned RA and occupies 0.0657 acres.
The property includes a detached one-car garage, off-street parking for three cars, a front porch, back deck, and an easy-to-maintain yard. A clean, dry basement provides laundry hookups, while the third-floor walk-up attic offers storage. Recent exterior work includes fresh paint, a roof approximately 10 years old, and a new roof over the front porch.
Located in New Bedford’s County Street Historic District, the property is positioned between the waterfront and Buttonwood Park, with St. Luke’s approximately 1/2 mile away. The site is zoned RA and occupies 0.0657 acres.
Key Highlights
- Two‑unit duplex with 1,977 square feet, built in 1863
- Second‑floor unit to be delivered vacant after hardwood‑floor refinishing and fresh paint
- Detached 1‑car garage plus off‑street parking for 3 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,360
$568.4K
Cap Rate 7%
$405,971
$406.0K
Cap Rate 9%
$315,756
$315.8K
Market Conditions
NOI Build-Up for 1,977 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.9K $22.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$40.6K $20.54/SF
− OpEx
−$12.2K −$6.16/SF
NOI
$28.4K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,360
Cap Rate 7%
$405,971
Cap Rate 9%
$315,756
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.2K – $473.6K
NOI $28,418 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.8K
NOI $26,090 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$582.9K
$510.1K – $680.1K
NOI $40,805 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two bright residences offer hardwood floors, porches, separate utilities, basement laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 126 Ash St New Bedford, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,977 square feet, built in 1863; Second‑floor unit to be delivered vacant after hardwood‑floor refinishing and fresh paint; Detached 1‑car garage plus off‑street parking for 3 cars
